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EIA: Oil price forecast lower for 2019 on demand concerns

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EIA: Oil price forecast lower for 2019 on demand concerns

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NewsPoster Joined: Mon Aug 30, 2010 9:56 am Posts: 20756	EIA: Oil price forecast lower for 2019 on demand concerns OGJ Exploration News Brent crude oil spot prices are expected to average $67/bbl this year, which is $3/bbl lower than forecast last month in the US Energy Information Administration’s Short-Term Energy Outlook. In this month’s STEO, EIA reports expecting Brent to remain at $67/bbl in 2020. EIA’s lower Brent price path for this year reflects rising uncertainty about global oil demand growth. Read more
Wed Jun 12, 2019 2:03 am
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